- Business
- PT Wahana Pronatural Tbk (WAPO.JK) engages in the trading, processing, and distribution of agricultural, marine, confectionery, and mining products primarily in Indonesia. The company offers core agricultural and marine products including dried seaweed, coffee beans, hulled rice, corn, cashew nuts, soybeans, cloves, mung beans, and cardamom; confectionery items such as chewy candy, hard candy, gummies, snack candies, chewy coated candies, and branded products like Sunkist C Candy, Pindy Mint, Pindy Mint Chocolate, and Pindy Fruit Milk manufactured at its Bogor facility; mining commodities comprising coal, rock asphalt, and nickel; as well as beverages including Sunkist Water C vitamin C drink and AirAlam bottled drinking water. Operations span procurement, processing, production, and marketing through facilities in locations including Surabaya, Bogor, Mataram, Jakarta, Medan, and Bandung, targeting domestic markets with a subsidiary, PT Phonix Mas Persada, focused on cashew nuts and seaweed. Founded in 1979 as CV Phonix Mas, the company listed on the Indonesia Stock Exchange in 2001, changed its name to PT Wahana Pronatural Tbk in June 2012, and maintains headquarters at Gedung Bumi Mandiri Tower II, 9th Floor Suite 907, Jl. Panglima Sudirman No. 66-68, Surabaya, East Java. Recent developments include significant accounts receivable growth to Rp61.65 billion as of June 30, 2025, driven by transactions with major entities in the Kapal Api Group such as PT Santos Jaya Abadi (Rp43.22 billion) and PT Fastrata Buana (Rp3.1 billion), sparking market speculation on strategic distribution partnerships and potential expansions; additional investor interest in possible collaborations with PT Mayora Indah Tbk for confectionery and coffee products; and release of the 2024 Annual and Sustainability Report alongside interim financials for Q1 and Q2 2025, reflecting ongoing diversification across agribusiness and mining segments.